Choice Financial Group closing costs and rates (2024)
In 2024, Choice Financial Group originated 132 purchase mortgages at a median interest rate of 6.56% and median total closing costs of $6,114. That is $627 below the national median of $6,741. Choice Financial Group is most active in North Dakota with 65 originations there.
Purchase Originations
132
Median Total Costs
$6,114
−9.3% vs national ($6,741)
Median Rate
6.562%
−0.9% vs national (6.620%)
Median Origination
$3,672
Median Lender Credits
$490
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 131 | 6.625% | $6,104 | $3,704 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| North Dakota | 65 | 6.375% | $5,003 | #24 |
| Minnesota | 43 | 6.625% | $6,672 | — |
| Arizona | 8 | 7.188% | $20,470 | — |
| Florida | 4 | 6.500% | $8,417 | — |
| Georgia | 2 | 6.240% | $8,206 | — |
| Texas | 2 | 6.750% | $6,693 | — |
| Wisconsin | 2 | 6.125% | $7,098 | — |
| Nebraska | 1 | 6.625% | $4,118 | — |
| Ohio | 1 | 6.500% | $8,511 | — |
| South Carolina | 1 | 6.490% | $13,088 | — |
| Tennessee | 1 | 6.375% | $10,458 | — |
| Washington | 1 | 7.000% | $9,160 | — |
| Wyoming | 1 | 7.650% | $7,430 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,649 | 7.000% | — | 2 | −$3,465 | |
| 2 | $3,924 | 6.250% | — | 6 | −$2,190 | |
| 3 | $3,959 | 5.870% | — | 4 | −$2,155 | |
| 4 | $4,874 | 6.495% | — | 26 | −$1,240 | |
| 5 | $5,232 | 6.787% | — | 8 | −$882 | |
| 6 | $5,709 | 6.500% | — | 13 | −$405 | |
| 7 | $5,853 | 5.900% | — | 5 | −$261 | |
| 8 | $6,151 | 6.312% | — | 2 | +$37 | |
| 9 | $6,479 | 6.938% | — | 2 | +$365 | |
| 10 | $6,698 | 6.375% | — | 7 | +$584 | |
| 11 | $6,701 | 6.375% | — | 9 | +$587 | |
| 12 | $7,748 | 6.990% | — | 3 | +$1,634 | |
| 13 | $7,768 | 6.625% | — | 1 | +$1,654 | |
| 14 | $8,089 | 6.625% | — | 3 | +$1,975 | |
| 15 | $8,208 | 6.500% | — | 1 | +$2,094 | |
| 16 | $8,290 | 7.162% | — | 2 | +$2,176 | |
| 17 | $8,626 | 6.500% | — | 3 | +$2,512 | |
| 18 | $9,011 | 6.562% | — | 2 | +$2,897 | |
| 19 | $10,111 | 6.558% | — | 2 | +$3,997 | |
| 20 | $20,470 | 7.188% | — | 8 | +$14,356 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2024. Sorted by median total loan costs.
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Data source: HMDA Modified Loan Application Register 2024, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.